Common use of - FINANCIAL PENALTIES Clause in Contracts

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the General Budget of the European Union, any one or several beneficiaries declared to be in grave breach of their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality.

- FINANCIAL PENALTIES. II.12.1 II. l 2 .1 By virtue of the Financial Regulation applicable to the General Budget of the European UnionCommunities, any one or several of the beneficiaries declared to be in grave breach of their obligations under the agreement shall be liable to financial penalties of between 2% and 10l 0% of the value of their share of the grant in question, with due regard for the principle principie of proportionality.

- FINANCIAL PENALTIES. II.12.1 II. 12.1 By virtue of the Financial Regulation applicable to the General Budget of the European Union, any one or several beneficiaries beneficiary declared to be in grave breach of their his obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality.

- FINANCIAL PENALTIES. II.12.1 I.12.1 By virtue of the Financial Regulation applicable to the General Budget of the European Union, any one or several of the beneficiaries declared to be in grave breach of their obligations under the agreement Agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the General Budget general budget of the European Union, any one or several of the beneficiaries declared to be in grave breach of their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality.